Harland & Wolff CEO Resigns as Shipbuilder Faces Financial Crisis

The historic shipyard seeks emergency funding and explores strategic options after government withdraws loan guarantee.

John Wood steps down as CEO, fulfilling a condition for potential new funding.
The company is in talks with Riverstone Credit Management for alternative financing.
Harland & Wolff suspended its shares and missed deadlines for filing audited accounts.
The new Labour government decided not to proceed with a previously agreed loan guarantee.
Russell Downs appointed interim executive chairman to navigate the crisis.